I want to know if this has happened to anyone else. I have my husband's student loans at Sallie Mae set up on automatic debit. The due date for the payment is the 27th of the month. I just checked on the balance and such and it says my payment is one day late!! It doesn't show my payment from 9/27 as pending or anything. I am trying not to freak out here, because I have never made a late payment and I don't want one now. The only thing I can think of is that the 27th was on Saturday and the payment will post on Monday. I don't want the account to have late payments. If this is the case, then I think I should schedule the automatic debit for a few days before. I hate this also because it is my husband's student loan and I would have to fight him tooth and nail to have him call about it. I may have to resort to calling for him and feigning a "manly" voice. UGH! This is so frustrating. And to think, we still owe $63,000 more on his student loans!
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Me, 28 & Jason, 34
2 dogs-Ruby & Raven, 5
Lose A Pound A Week-Started 1/2/10
Goal: 25 lbs Lost: 10.4 lbs as of 2/27/10
Debt Paid off YTD: $817.14
Debt Paid off in 2009: $21,160.78
Student Loan: $61,056.44/$55,981.43
Mortgage: $62,159.24/$61,964.59
Toyota: $22,300.20/$22,300.20
If it is an automatic debit, it should count as paid on the day you say to put the debit through. It sounds like someone messed up on their end. I would definitely call!
__________________ Angela
Wife to DH: since 03/25/2006
Mom to DS1: my bumblebee 2/6/2006
and DS2 12/29/2008
Going forward, I would change the way you pay the account so that instead of them pulling from your bank, your bank pushes to them, a few days early.
I never trust lenders to be reliable with my bank account information, payments, and such.
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If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels. WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
Three Two mortgages, twoone no car loans, one no credit cards, and a partridge in pear tree!
Going forward, I would change the way you pay the account so that instead of them pulling from your bank, your bank pushes to them, a few days early.
I never trust lenders to be reliable with my bank account information, payments, and such.
Agreed.
With online bill pay thru your bank, you are having YOUR bank send YOUR money when YOU choose.
With auto debits by the lender, you are allowing THEM to stick THEIR fingers into YOUR account to take YOUR money.
A lot of lenders stick little disclaimers in those ittybitty print warnings about how if you default on your payments, they will take the money out of your account anyway.
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~Nichole~
~wife to Zac~
~mommy to Wesley~
~mommy to Maggie~
The Bad Debt
American Trust: $3.092.39
GTO Loan: $6,650.85
Furnace: $7,203.10
Optima Loan: $12,776.11
The Not As Bad Debt
Dept of Educ Student Loans: $8539.97
Wells Student Loans: $32,921.05
House: $121,299.26
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Sallie Mae is not my friend!!!!
since 03/25/2006
my bumblebee 2/6/2006
12/29/2008
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